DekaBank Deutsche Girozentrale Sells 3,542 Shares of ANSYS, Inc. (NASDAQ:ANSS)

DekaBank Deutsche Girozentrale decreased its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 499,777 shares of the software maker's stock after selling 3,542 shares during the period. DekaBank Deutsche Girozentrale owned about 0.57% of ANSYS worth $157,160,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ANSS. NBC Securities Inc. acquired a new stake in ANSYS during the 1st quarter valued at $31,000. Quarry LP boosted its holdings in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after purchasing an additional 93 shares during the last quarter. Assetmark Inc. raised its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new position in ANSYS in the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Stock Performance

ANSYS stock traded up $3.81 on Tuesday, reaching $366.90. 516,399 shares of the stock were exchanged, compared to its average volume of 521,965. The stock has a market cap of $32.26 billion, a PE ratio of 54.44, a PEG ratio of 3.78 and a beta of 1.19. The firm has a fifty day moving average price of $339.95 and a two-hundred day moving average price of $332.58. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $368.00.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The company had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the previous year, the business posted $1.39 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director owned 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.